H.R. 2868
IntroducedNational Flood Insurance Program Policyholder Protection Act of 2017
Latest Action
Placed on the Union Calendar, Calendar No. 148.
7/11/2017 • House
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
National Flood Insurance Program Policyholder Protection Act of 2017
(Sec. 2) This bill amends the National Flood Insurance Act of 1968 to limit the chargeable flood insurance premium for a residential property having 4 or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation.
(Sec. 3) In determining chargeable premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified mitigation methods. Mitigation techniques that qualify for such rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems.
(Sec. 4) FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.
Reported to House without amendment • 7/11/2017
Topics & Subjects
CBO Cost Estimates (1)
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the House
Introduced
June 8, 2017
Committee Review
June 15, 2017
Ordered to be Reported by the Yeas and Nays: 53 - 0.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law